Recent content by HundHond

Do you think there will be any issues in future regarding this? It’s 1 year ago and they never replied back to him. He closed the account and worst case that could have been done back then is a SAR. The question now, hold long does the SAR take before something happens, I think 90% of times...

well, this can cause a ban from the bank in the worst case. As he closed the account already there is nothing that can cause trouble to him, I guess. Violating terms of the bank doesn’t bring you in jail as long there is no criminal activity involved. So no idea where you got your ‚Jail‘ claim from

He said: Source of Funds: The funds deposited into my account originate from various investment activities that I have been engaged in. While I am unable to disclose the specific nature of these investments, I can assure you that they are acquired through legitimate means and comply with all...

Do you think he will face any trouble in future due to this? Even if it’s a year ago now ? Do you have the experience or know people who did similar ?

Cases because of criminal activity yes? Or was there a case opened after 3 years just because of cash deposits ? Was this in UAE ? Jail, even when he can proof where his crypto earnings coming from? When he can also proof the source for the cash?

Any source for the 3 years ?

Hi, in order to buy a property in Dubai a friend of mine opened a bank account in Dubai at NBD. Within the first 5 months after newly opening the account he made a cash deposit of 500k AED ($135,000) in total and nothing happened. 3 months he made a pause and waited, nothing happened. Then he...

I didn’t tell them the exact source but told them I can guarantee it’s earned through regulated investments.. can’t mention crypto

Hi, lam from Europe and made very good returns on my crypto investments. I have proof for all of that as lam using regulated exchanges such as Coinbase and Binance. I made like $2m and came here to Dubai with all of my money. I thought it's easy to pay with crypto, however, it's much more...

Hello, I expect a $35.000 payment from HongKong to my Freezone company account in Dubai. At the beginning I sent them my AED IBAN account and they transferred the amount as my bank (WIO) said they will automatically convert it into AED. The payment did not get through and went back to the...

People don’t buy financial advice, they buy the membership to follow up what I do. It’s like influencer business, they can freely follow me and I charge for this. If you think the activities are fine it’s good to know

I mainly sell trading ideas as many people find my trades excellent. People message me on Telegram that they want to join my group. I reply to them and they receive a crypto address to make payment, usually Litecoin. After payment, I need a screenshot, and I add them to the group. The group...

I basically run a marketing company with trading activities like blogging services, internet consultancy and marketing services via social media. Do you know if I can sell membership courses such as my Telegram (SOL Free Airdrop) channel? People pay to join this channel in crypto. Can I involve...

Hello My business in Dubai accepting crypto payments recently. Do I need a special license for that?

I currently have a big problem, namely that my company takes in several million per year in profit. However, we only keep the money in crypto and do not pay it out to banks, how could we even, banks in the UAE are very strict when it comes to crypto. So we are forced to leave the money in...